FUSI vs QQQ
FUSI vs QQQ
American Century Multisector Floating Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FUSI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.27% | 0.18% | |
| AUM | $23M | $455.8B | |
| Dividend Yield | 5.25% | 0.41% | |
| Holdings | 61 | 108 | |
| YTD Return | +3.21% | +12.48% | |
| 1Y Return | +5.36% | +22.35% | |
| 3Y Return (annualized) | +5.77% | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 0.7% | 30.6% | |
| Max Drawdown | -0.7% | -83.0% | |
| Fund Family | American Century Investments | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 14, 2023 | Mar 10, 1999 |
FUSI vs QQQ Performance
American Century Multisector Floating Income ETF (FUSI) is a ETF from American Century Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FUSI returned +5.36% while QQQ returned +22.35%. Year to date, FUSI is up 3.21% versus a gain of 12.48% for QQQ.
Over three years, FUSI compounded at +5.77% per year against +22.30% for QQQ. Across the full 3-year window we track, QQQ has the edge at +12.91% annualized vs +6.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 0.7% for FUSI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.7% for FUSI and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FUSI charges 0.27% per year while QQQ charges 0.18%. On a $10,000 position that is $27 vs $18 annually, a gap of $9 per year that compounds over a long holding period. On income, FUSI currently yields 5.25% against 0.41% for QQQ.
Holdings Overlap
FUSI and QQQ share 0 holdings out of 124 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FUSI or QQQ?
FUSI has an expense ratio of 0.27% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FUSI or QQQ?
Over the past year FUSI returned +5.36% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), FUSI annualized +6.00% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, FUSI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.7% for FUSI. Worst drawdown: FUSI -0.7% vs QQQ -83.0%.
Should I hold both FUSI and QQQ?
FUSI and QQQ have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FUSI and QQQ?
FUSI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, FUSI or QQQ?
FUSI yields 5.25% while QQQ yields 0.41%, so FUSI currently pays the higher dividend yield.
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